[retiredguy123]

Originally Posted by Michael G.

Is it fair to adjust insurance premiums according to your credit rating ?

I think it is fair. People with a lower credit rating are more likely to file an insurance claim.

[keepsake]

No I don't think credit scores have any business in premium setting. I for one, don't know and couldn't care less what my score is. I bought a seller financed home in 2006 and nobody ran my credit. Haven't needed my score in 40 years. Those three reporting outfits are major league scammers if you ask me.

[Luggage]

you do know in Florida - you get the balance of your premium back if you switch ?


you can get quotes ANYTIME

Originally Posted by Michael G.

I read somewhere that once a year when your insurance policy's come due, you should always review your policies with other companies to seek cheaper rates.

Now I been with XYZ company going on 8 years, and there isn't 12 months goes by without them raising my 3-group policy's total premiums by $10- $20 and more in any given year, (auto, home, and umbrella).

Ok, yes, I realize there's inflation, fires, floods for insurance co. to pay for, but is this normal procedure for insurance Co's to treat long time policy holders.

If I switch to other Companies with cheaper rates for now, what's not to say in 12 months, the same thing will happen, rates go up.

Am I better to bite the bullet and stay put?

I need some guidance here people.

Cheers!

[Luggage]

maybe not in 2006 but yes now they do.

Originally Posted by keepsake

No I don't think credit scores have any business in premium setting. I for one, don't know and couldn't care less what my score is. I bought a seller financed home in 2006 and nobody ran my credit. Haven't needed my score in 40 years. Those three reporting outfits are major league scammers if you ask me.